Authors Tyro
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When I say Nigeria’s cement policy has been a complete failure, this is exactly what I mean. The Goverment is tweeting this out without irony
Cement is an input. You can’t eat or drink it. On its own it’s useless. So as a government, if you decide to have a cement policy, the biggest mistake you can make is to set your success benchmark simply as increasing the amount of cement produced. But this is what Nigeria did
If you’re going to have a policy supporting the production of an input, the only sensible way to measure the success of that policy is to measure the things that that input goes into.
So you say - we want to have a cement policy to support the construction of x number of houses over x number of years. Or to build x amount of infrastructure. That is how you measure the success of a cement policy
But what did Nigeria do? The only measure of success has been we were producing x amount of cement in 19xx and now we are producing xx amount of cement in 20xx. Clap for yourselves, everyone go home. We even have a cement billionaire!
In support of the Buhari admin\u2019s plan to construct 300,000 houses for low-income Nigerians, under the Econ Sustainability Plan (ESP), cement manufacturers have reached an agreement with @NigeriaGov to charge discounted prices. VP @ProfOsinbajo visited one of the sites Jan 2, 2021 pic.twitter.com/T757goNs6A
— Presidency Nigeria (@NGRPresident) January 3, 2021
Cement is an input. You can’t eat or drink it. On its own it’s useless. So as a government, if you decide to have a cement policy, the biggest mistake you can make is to set your success benchmark simply as increasing the amount of cement produced. But this is what Nigeria did
If you’re going to have a policy supporting the production of an input, the only sensible way to measure the success of that policy is to measure the things that that input goes into.
So you say - we want to have a cement policy to support the construction of x number of houses over x number of years. Or to build x amount of infrastructure. That is how you measure the success of a cement policy
But what did Nigeria do? The only measure of success has been we were producing x amount of cement in 19xx and now we are producing xx amount of cement in 20xx. Clap for yourselves, everyone go home. We even have a cement billionaire!